Housing data for Old Lyme, CT
Old Lyme, CT has an estimated 7,679 residents and 4,598 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a town in Lower Connecticut River Valley Planning Region.
11.2% of households rent.
The median gross rent is $2,238 a month.
Its population grew measurably since 2015–2019 (+3.8%).
Figures last updated on .
- Residents
- 7,679 (±18)
- Housing units
- 4,598 (±269)
- Households that rent
- 11.2%
- Median gross rent
- $2,238
- Residents since 2015–2019
- +3.8%
What stands out in Old Lyme
Homes in buildings of 5 or more units: 0.4% (±1.0 points) in Old Lyme, lower than in Lower Connecticut River Valley Planning Region (12.7%).
Median gross rent: $2,238 (±$295) in Old Lyme, higher than in Lower Connecticut River Valley Planning Region ($1,454).
Households that rent: 11.2% (±3.0 points) in Old Lyme, lower than in Lower Connecticut River Valley Planning Region (24.2%).
Working from home: 24.2% (±6.3 points) in Old Lyme, higher than in Lower Connecticut River Valley Planning Region (16.8%).
- Types of homes in Old Lyme
- Median rent in Old Lyme
- Renters and owners in Old Lyme
- Commute and cars in Old Lyme
Housing in Old Lyme at a glance
- Median rent: $2,238 median gross rent a month
- Rent by bedrooms: $1,947 median gross rent, 2 bedrooms
- Rent burden: 51.6% of renters pay 30% or more of income
- Renters and owners: 11.2% of households rent
- Income and affordability: $131,899 median household income
- Home values: $484,200 median home value
- Homeowner costs: $2,742 median monthly cost with a mortgage
- Property taxes: $6,284 median real estate taxes a year
- Types of homes: 0.4% of homes are in buildings of 5 or more units
- Bedrooms: 78.0% of homes have 3 or more bedrooms
- Age of homes: 71.2% of homes were built before 1980
- Vacancy rate: 7.8% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 64.6% heat with fuel oil or kerosene
- Commute and cars: 27.1 minutes average trip to work
- Growth: +3.8% residents since 2015–2019
- How long people stay: 15.3% moved in since 2020
- Crowding and facilities: 0.3% of homes have more than 1 person per room
- Fair Market Rent: $2,730 Small Area FMR, 2 bedrooms (ZIP 06376)
Old Lyme against Lower Connecticut River Valley Planning Region, its state and the nation
| Old Lyme | Lower Connecticut River Valley Planning Region | Connecticut | United States | |
|---|---|---|---|---|
| Residents | 7,679 (±18) | 175,822 (exact) | 3,624,508 (exact) | 334,922,499 |
| Housing units | 4,598 (±269) | 82,963 (±174) | 1,541,822 (±276) | 143,775,355 |
| Households that rent | 11.2% (±3.0 points) | 24.2% (±1.2 points) | 33.5% (±0.3 points) | 34.8% |
| Median gross rent | $2,238 (±$295) | $1,454 (±$44) | $1,488 (±$10) | $1,413 |
| Median household income | $131,899 (±$11,250) | $104,428 (±$2,975) | $95,781 (±$732) | $80,734 |
| Median home value | $484,200 (±$21,146) | $379,700 (±$6,838) | $366,900 (±$1,621) | $332,700 |
| Median real estate taxes (a year) | $6,284 (±$205) | $6,357 (±$104) | $6,643 (±$25) | $3,119 |
| Built before 1980 | 71.2% (±7.7 points) | 62.7% (±2.1 points) | 67.3% (±0.5 points) | 49.7% |
| Average commute | 27.1 minutes (±2.6) | 26.0 minutes (±0.6) | 26.5 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 98.8% (±0.8 points) | 92.5% (±0.9 points) | 92.2% (±0.2 points) | 91.0% |
| Median age of residents | 50.6 years (±3.3) | 45.9 years (±0.2) | 41.1 years (±0.2) | 38.9 years |
Old Lyme covers 23.0 square miles of land, about 334 residents per square mile (Census Bureau Gazetteer).
How Old Lyme has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 7,396 (±21) | 7,679 (±18) | +3.8% | Measurable increase |
| Housing units | 4,939 (±217) | 4,598 (±269) | −6.9% | Not a measurable change |
| Median gross rent | $1,334 (±$161) | $2,238 (±$295) | +67.8% | Up after inflation |
| Median home value | $387,200 (±$16,086) | $484,200 (±$21,146) | +25.1% | No measurable change after inflation |
| Median household income | $96,567 (±$7,414) | $131,899 (±$11,250) | +36.6% | No measurable change after inflation |
| Median owner cost with a mortgage | $2,456 (±$188) | $2,742 (±$287) | +11.6% | No measurable change after inflation |
| Median real estate taxes | $5,791 (±$291) | $6,284 (±$205) | +8.5% | Down after inflation |
| Households that rent | 20.4% (±4.6 points) | 11.2% (±3.0 points) | −9.2 percentage points | Measurable decrease |
| Rental vacancy rate | 7.7% (±7.1 points) | 7.8% (±9.1 points) | +0.1 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
ZIP codes in Old Lyme
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 06376 | 100% | 89 | — | $444,400 | $156,000 |
| 06371 | 43% | 9,828 | $2,172 | $499,400 | $132,045 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Old Lyme
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Old Saybrook Center | 3.2 mi | $1,414 | $466,100 | 25.6% |
| Old Saybrook | 4.2 mi | $1,846 | $538,200 | 14.7% |
| East Lyme | 5.0 mi | $1,462 | $412,600 | 24.4% |
| Essex Village | 5.5 mi | $2,056 | $751,900 | 7.7% |
| Niantic | 5.5 mi | $1,478 | $396,000 | 27.5% |
| Saybrook Manor | 5.6 mi | $2,149 | $586,000 | 22.9% |
| Lyme | 6.1 mi | $1,719 | $629,900 | 9.2% |
| Essex | 6.2 mi | $1,623 | $552,000 | 21.9% |
Places in Connecticut most like Old Lyme
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Orange | $2,172 | $491,500 | $142,325 | 10.8% |
| Orange (community) | $2,172 | $491,500 | $142,325 | 10.8% |
| Old Saybrook | $1,846 | $538,200 | $114,333 | 14.7% |
| Long Hill (Greater Bridgeport Planning Region) | $1,952 | $487,800 | $178,456 | 7.7% |
| Guilford | $1,717 | $515,800 | $137,816 | 16.3% |
| Durham (community) | $1,625 | $401,700 | $152,396 | 10.0% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Connecticut.
HUD Fair Market Rent for Old Lyme, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,346 | $1,543 | $1,933 | $2,303 | $2,542 |
HUD also publishes a Small Area Fair Market Rent for each ZIP code in the area; the Fair Market Rent page for this place lists its ZIP codes.
HUD income limits for Old Lyme, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $27,150 | $45,250 | $72,350 |
| 2 people | $31,000 | $51,700 | $82,700 |
| 3 people | $34,900 | $58,150 | $93,050 |
| 4 people | $38,750 | $64,600 | $103,350 |
| 5 people | $41,850 | $69,800 | $111,650 |
| 6 people | $44,950 | $74,950 | $119,900 |
| 7 people | $50,040 | $80,150 | $128,200 |
| 8 people | $55,720 | $85,300 | $136,450 |
These are the limits HUD sets for its housing programs in the Hartford-West Hartford-East Hartford, CT MSA, where HUD’s median family income for fiscal year 2026 is $129,200.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Old Lyme
What is the average rent in Old Lyme, CT?
The Census Bureau publishes the median rather than the average: the median gross rent in Old Lyme is $2,238 (±$295) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Old Lyme?
The median gross rent for a one-bedroom home in Old Lyme, CT is $1,110 (±$308) a month (2020–2024 American Community Survey).
Are renters in Old Lyme rent-burdened?
51.6% of renting households in Old Lyme pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Old Lyme?
Old Lyme has an estimated 357 (±102) renting households, 11.2% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Old Lyme?
The median household income in Old Lyme is $131,899 (±$11,250) a year (2020–2024 American Community Survey).
What is the average home value in Old Lyme, CT?
The Census Bureau publishes the median: $484,200 (±$21,146) for owner-occupied homes in Old Lyme (2020–2024 American Community Survey).
Is Old Lyme growing?
In Old Lyme, the number of residents went from 7,396 in 2015–2019 to 7,679 in 2020–2024 (+3.8%), a measurable increase.
What ZIP codes are in Old Lyme?
The ZIP codes that cover Old Lyme are 06376, 06371.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Old Lyme town, Lower Connecticut River Valley Planning Region, Connecticut
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Old Lyme town, Lower Connecticut River Valley Planning Region, Connecticut
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Old Lyme town, Lower Connecticut River Valley Planning Region, Connecticut
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Old Lyme town, Lower Connecticut River Valley Planning Region, Connecticut
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Old Lyme town, Lower Connecticut River Valley Planning Region, Connecticut
- HUD Fair Market Rents, fiscal year 2027: Hartford-West Hartford-East Hartford, CT MSA
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Hartford-West Hartford-East Hartford, CT MSA
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Old Lyme town, Lower Connecticut River Valley Planning Region, Connecticut (county subdivision:57040, in state:09 county:130).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .